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Editorial:Cathay Pacific must find a way out

【明報專訊】Yesterday (October 21) was a sad day in the history of Hong Kong's aviation industry, as Cathay Pacific announced nearly 6,000 lay-offs and its subsidiary Cathay Dragon ceased operations. The pandemic has paralysed the global aviation industry. Dozens of airlines have closed down, and the situation in Hong Kong is not good. The number of Cathay Pacific passengers has dropped by more than 90% amid the pandemic. Despite the government's earlier injection of funds, the pandemic has dragged on, leaving Cathay Pacific with no choice but to make such a desperate move in its struggle for survival.

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